Ford To Invest $850 Million On Adding More Production Capacity For EVs

To add more production capacity, Ford plans to invest more than $850 million on its second factory in the United States for Ford’s next-generation battery-electric vehicle program. The investment will mainly focus on growing the company’s Flat Rock Assembly Plant in southeast Michigan and the investment will be made through 2023. The investment also consists of the funding to manufacture the next-gen Mustang.

The recent announcement from Ford is tied to the company’s larger and previously revealed plan of investing $11.1 billion in evolving electric vehicles. The company’s all-new all-electric performance SUV will launch in 2020 and it will be manufactured at the company’s Cuautitlán, Mexico plant. The next-generation of electric vehicles which will be having a flexible architecture is going to be produced at Flat Rock. According to Joe Hinrichs, Ford’s president of global operations, the company has taken a fresh start at the growth rates of the company’s electrified vehicles and Ford knows that it needs to save additional production capacity as per the said accelerated plans for the company’s all-electric vehicles. This is good news for the people of southeast Michigan, where Ford will deliver more good-paying manufacturing jobs in the future. Recently, Ford has also announced that it is developing a next-generation transit connect, both passenger and commercial van in Mexico which will start in 2021.

The company will add 16 all-electric vehicles through 2022 and this is a part of the Ford’s $11 billion investment. The company has a dedicated Corktown project as a part of all the electrification efforts and the project has a huge 1.2 million-square-foot area dedicated to the electric and autonomous vehicles businesses. The main aim of the Ford’s Corktown is to develop a mobility corridor which is the company’s version of the Sand Hill Road in Silicon Valley that connects centers of research, testing and development in the academic hub of Ann Arbor to the company’s Dearborn headquarters, and ultimately to Detroit.

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